you know what... i started to have such feelings too.... it's not once that they did that...... within this year it have has been like 4-5 times already....
the price going down due to market panic sebab america ni.... be an investor not trader :) Buy before 0.27, buy more if below 0.2. Do not buy in one shot and 100% of your portfolio.
hold it, after budget 2019 will fly high. government always encourage us to take more public transport. so they will put more funding into this sector. buckle up guys, just collect while ppl panic sell
Budget: RM500m will be allocated to the Public Transport Fund in the form of subsidy rate of 2% for taxi and bus firms and public transport operators theedgemarkets.com / theedgemarkets.com
Malaysian Budget 2019 (Bajet 2019) will be tabled by finance minister Lim Guan Eng at 4.00 pm today. We will be posting live updates on any automotive- and transport-related announcements from his speech here.
UPDATE: Story now contains all relevant transport/auto-related points covered in the Budget.
Toll collection
The government will put a freeze on any toll price increase on all inter-city highways in 2019, at a cost of RM700 million. Toll collection for motorcycles will be abolished for both Penang bridges and the Second Link to Singapore beginning from January 1, 2019, at an estimated cost of RM20 million. Fuel Targeted fuel subsidy for RON 95
This will benefit four million car owners and 2.6 million motorcyclists, and will be introduced sometime in the second quarter of 2019. To cost the government RM2 billion a year. The scheme will provide a 30 sen subsidy per litre (depending on the price of petrol) limited to 100 litres a month for cars with an engine displacement capacity of 1,500 cc and below, and 40 litres for motorcycles with an engine displacement capacity of 125 cc and below.
The mechanism of distribution has not been elaborated on, but it was announced that owners with multiple cars will not receive this benefit. Also, RON 95 pricing for non-subsidised vehicles will be set according to a managed float when the programme begins. Diesel was not mentioned.
B10 biodiesel
Introduction of biodiesel B10 programme for the transportation sector to begin in 2019. Roads
RM10 million to be allocated to upgrade the Autogate Malaysia Automated Clearance System and M-Bike at both the Johor causeway and the Second Link to ease congestion issues. Work will continue on the Pan Borneo Highway encompassing Sabah and Sarawak, subject to a cost rationalisation exercise. Public transport Unlimited access monthly pass
The government will allocate RM240 million for the introduction of a RM100 unlimited access monthly pass for public transport commuters, beginning from January 1, 2019. This will offer access to all city rail services and RapidKL bus services. A RM50 unlimited access monthly pass for RapidKL bus-only travel will also be available, but the campaign will be expanded to other bus companies at a subsequent stage. MRT 2
Buses
Prasarana to improve its bus network by fully utilising and optimising its current fleet of 1,131 RapidKL, 408 RapidPenang, 69 RapidKuantan and 300 MRT feeder buses. The company will also work in partnership with other existing bus companies to manage routes and services. Kuala Lumpur city hall (DBKL) will allocate RM20 million next year to provide additional free GoKL free bus services from the existing four routes to further improve public transport coverage in Kuala Lumpur. A sum of RM500 million will be made available for a public transport loan fund with 2% interest subsidy via Bank Pembangunan Malaysia, and this will be available to taxi and bus companies as well as other public transport operators. Railway
An allocation of RM2.46 billion will be provided for the upgrading and restoration works of railway tracks across the country.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DO RE MI
236 posts
Posted by DO RE MI > 2018-10-15 14:06 | Report Abuse
I'm queing again at 0.27. hope to get this week.